Card Services

Overview

KeyBank provides card solutions to large and middle market companies and to federal, state and local government entities across the United States. Our team of experts will work with you to understand your unique payments processes and to deliver solutions designed to help you reduce costs, increase working capital, and improve process efficiencies.

Whether it's to manage and control your accounts payable spend while reducing administrative costs with a purchase card or a low-cost, convenient alternative to payroll checks with prepaid cards, we can help.

Key2Purchase

This multi-use commercial card solution can be used whenever purchase orders, check requests, or petty cash would have been processed. Purchasing cards can also be given to employees to make purchases on behalf of the business while maintaining greater control of company spend.

Employer benefits:

Provides daily reconciliation along with other weekly and monthly reporting

Eliminate lost, stolen, and returned checks

Reduce burden of unclaimed funds

Employee benefits:

Saves them money by eliminating the high fees associated with check-cashing facilities

Faster access and lower fees to get their money

Unlimited transactions at retailers across the U.S.

24/7 customer support via Key2Payroll.com or live agent

Funds on lost, stolen, or damaged cards are protected

Reduce fraud concerns

Key2Fleet

It's a fleet card that provides payment and reporting solution for fueling, maintenance, and service needs. It enables fleet administrators to conveniently and comprehensively control fleet expenditures while providing complete usage tracking and unmatched data capture.

Benefits:

Drivers can operate their vehicles anywhere knowing they will have convenient access to fuel, maintenance, and related services

Accepted at more than 230,000 fueling and maintenance locations, with new locations added daily

Key2Benefits

The Key2Benefits card is a MasterCard® branded prepaid card. Benefit distribution funds can be loaded to the card in place of paper checks. After the initial mailing and activation, cards are reloaded electronically for subsequent payments.

Organization Benefits:

Cost reduction, in some cases greater than 90% annually versus checks

Improve cash flow and cash control

Eliminate costly and cumbersome stop payment activity

Reduce fraud losses

Provides daily reconciliation along with other weekly and monthly reporting

Eliminate lost, stolen, and returned checks

Reduce burden of unclaimed funds

Recipient Benefits:

Saves them money by eliminating the high fees associated with check-cashing facilities

Faster access and lower fees to get their money

Unlimited transactions at retailers across the U.S.

24/7 customer support via Key2Benefits.com or live agent

Funds on lost, stolen, or damaged cards are protected

Reduce fraud concerns

Key2Business

The Key2Business commercial card solution improves control and transparency with your employees and vendor expenses. Understanding your expenses is crucial to running a successful business. By leveraging KeyBank’s commercial card program, Key2Business, you improve visibility into your business’s expenses with the potential to drive incremental revenue to your business. Commercial cards can either be standard plastic cards (distributed) or nonplastic account numbers (non-distributed). Our commercial card program provides unparalleled spending control and information reporting—all designed to improve the purchasing process and protect against fraud.

Key2Prepaid

The Key2Prepaid card is a MasterCard® branded prepaid card. Funds can be loaded to the card in place of paper checks. After the initial mailing and activation, cards are reloaded electronically for subsequent payments.

Organization Benefits:

Cost reduction, in some cases greater than 90% annually versus checks

Improve cash flow and cash control

Eliminate costly and cumbersome stop payment activity

Reduce fraud losses

Provides daily reconciliation along with other weekly and monthly reporting

Eliminate lost, stolen, and returned checks

Reduce burden of unclaimed funds

Recipient Benefits:

Saves them money by eliminating the high fees associated with check-cashing facilities

NOT FDIC INSURED.NOT BANK GUARANTEED.MAY LOSE VALUE.NOT A DEPOSIT.NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY

An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Without limiting the foregoing, shares of a Federated Money Market Fund are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by KeyBank or any affiliates or subsidiaries of KeyBank, and are subject to investment risk, including possible loss of the principal amount invested. Shares of the Federated Money Market Funds are not insured or guaranteed by the U.S. Government, any state government or any U.S. or state government or government-sponsored agency. Although the money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in money market funds.

Your account (the “Account”) may be invested in mutual funds (such as the Federated Money Market Fund) for which neither KeyBank National Association nor any of its affiliates or subsidiaries (“Key”) serves as an investment adviser, fund manager, or distributor (“Non-Proprietary Mutual Funds”). Key may receive compensation from the Non-Proprietary Mutual Funds and/or the Non-Proprietary Mutual Fund companies for providing services in connection with investments by its customers. For example, Key has entered into arrangements with the Non-Proprietary Mutual Fund companies under which the Non-Proprietary Mutual Funds and/or the Non-Proprietary Mutual Fund companies will compensate Key for the Non-Proprietary mutual fund services.

These fees for services shall be in addition to, and will not reduce, Key’s compensation for other services to your account. Such fees for services will not be paid directly by your account, but will be paid to Key by the Non-Proprietary Mutual Funds company (i.e., Federated Investors, Inc. or its affiliates) or the Non-Proprietary Mutual Fund (i.e., the Federated Money Market Fund) itself. The compensation to be paid by Federated (or its affiliates) as such fees for services can be up to 0.10% (10 basis points) annually. The compensation paid by the Federated Money Market Fund out of fund assets can vary, is disclosed in the prospectus for the Federated Money Market Fund, and can be up to 0.25% (25 basis points) annually of the total amount of the account assets invested in the Federated Money Market Fund.

Federated Securities Corp. is the distributor of the Federated money market funds.

Banking products and services are offered by KeyBank National Association. All credit, loan and leasing products subject to credit approval. Key.com is a federally registered service mark of KeyCorp. KeyBank is Member FDIC.

1. Rebates are subject to the terms and conditions of the Rebate Addendum.